SOURCE: THE HERZFELD CARIBBEAN BASIN FUND, INC.

September 11, 2014 16:42 ET

The Herzfeld Caribbean Basin Fund, Inc. Appoints New Director

MIAMI BEACH, FL--(Marketwired - Sep 11, 2014) - The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) is pleased to announce that its Board has appointed Cecilia L. Gondor as a Class I director of the Fund, effective September 11, 2014. Ms. Gondor, 52, served as the Secretary/Treasurer of The Herzfeld Caribbean Basin Fund, Inc. from the Fund's inception until her retirement in May 2014. She also served as Executive Vice President of Thomas J. Herzfeld Advisors, Inc. from 1984 through the date of her retirement. Additionally, she was the Executive Vice President of Thomas J. Herzfeld & Co., Inc., a broker-dealer, from 1984 through 2010, when the broker-dealer ceased operations. 

Ms. Gondor will be considered an "interested person" of the Fund as such term is defined in the Investment Company Act of 1940, as amended, due to her former positions as an officer and employee of the investment adviser and of the Fund. 

About The Herzfeld Caribbean Basin Fund, Inc.

The Herzfeld Caribbean Basin Fund, Inc. is a closed-end fund managed by HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc. (based in Miami Beach). The Fund seeks long-term capital appreciation. To achieve its objective the Fund invests in issuers that are likely, in the Advisor's view, to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which the Fund considers to consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia, Venezuela and the United States.

Thomas J. Herzfeld Advisors, Inc. specializes in the field of closed-end funds. Information about the advisor and the Fund can be found at www.herzfeld.com.

NASDAQ Capital Market: CUBA
Cusip: 42804T106

Contact Information

  • For further information contact:
    Reanna Lee
    305-271-1900

    Thomas J. Herzfeld Advisors, Inc.
    119 Washington Avenue,
    Suite 504
    Miami Beach, FL 33139
    www.herzfeld.com